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Deserves a Link of Its Own: The Calamity of Chavez

Posted By Don Boudreaux On September 28, 2013 @ 9:46 am In Intervention,Reality Is Not Optional | Comments Disabled

This half-hour-long report from Venezuela by BBC reporter Ed Butler is a telling expose of some of the terrible consequences of government interference in markets [1].  Naturally, the government in Caracas blames Venezuelans’ significant economic woes on “corrupt capitalists.”  (Sound familiar?)  In the future – when you encounter college students in Palo Alto, Providence, and the Cambridges wearing Hugo Chavez t-shirts along with their Che t-shirts – keep this report in mind.  (HT Jeff Kvistad)

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[1] This half-hour-long report from Venezuela by BBC reporter Ed Butler is a telling expose of some of the terrible consequences of government interference in markets: http://www.bbc.co.uk/programmes/p01h039h

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